Cryptocurrency is a medium of transaction with underlying monetary value. Functioning as regular currency would in terms of financial aspects; Cryptocurrency uses cryptography for securing the transactions and regulate the generation of new units. The first Cryptocurrency was Bitcoin which was produced in 2009. Since then, there have been many cryptocurrencies. The underlying technical specifications for Bitcoin were drafted by Satoshi Nakamoto. It is not clear whether Satoshi Nakamoto was an individual or a group of people. The identity till date remains unknown. Satoshi Nakamoto created the protocol for Bitcoin and Bitcoin Core, its reference software. In 2008 Satoshi Nakamoto published a paper on Bitcoin digital currency and in 2009 he launched the first Bitcoin software which established Bitcoin network and the first units of Bitcoin currency.
![[Image: cryptocurrency_technology.jpg]](http://cdn.collegelib.com/c/tech/2015/cryptocurrency_technology.jpg)
Though there are numerous cryptocurrencies, most of them derive their technical specifications and protocols from bit coin. Within a cryptocurrencys system; safety and integrity of the system are maintained by a community referred to as Miners. These are the members of the general public who allow their idle computer processing capacities to regulate, validate and process transactions. This works on the concept of shared computing. Cryptocurrencies are designed to generate new units of the currency with a limit on the total number of units that can be generated. These currencies are the future of financial transactions. In a global scenario with ever fluctuating currency exchange values, use of cryptocurrencies has become more relevant.
Related Topics
Bitcoin new currency
What more to research on this topic:
Bitcoin mining
Bitcoin address block
Crypto currency charts
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Though there are numerous cryptocurrencies, most of them derive their technical specifications and protocols from bit coin. Within a cryptocurrencys system; safety and integrity of the system are maintained by a community referred to as Miners. These are the members of the general public who allow their idle computer processing capacities to regulate, validate and process transactions. This works on the concept of shared computing. Cryptocurrencies are designed to generate new units of the currency with a limit on the total number of units that can be generated. These currencies are the future of financial transactions. In a global scenario with ever fluctuating currency exchange values, use of cryptocurrencies has become more relevant.
Related Topics
Bitcoin new currency
What more to research on this topic:
Bitcoin mining
Bitcoin address block
Crypto currency charts
We prepared and published this seminar abstract for final year engineering students seminar research. You should do your own research additional to this information before presenting your seminar.
Please include "Reference: Collegelib.com" and link back to this page in your work.
Subscribe via email for more Latest topics
12 Steps to boost your innovative project ideasList of new technologies in computer science engineering for seminar:
Latest CSE Seminar Topics
CSE Seminar Topics with Abstracts Part 2
CSE Seminar Topics with Abstracts Part 3
2019:100 Seminar topic suggestions for CSE [August 2019]
2019:Latest Technology topic list for CSE
2019:CSE Seminar topics 2019, Collection of latest top 100 latest Computer technologies [July 2019]
2019:100 Seminar topics for Computer Science (Selected latest topic list 2019)
2019:Seminar Topics CSE. Latest technology topics for Computer Science 2019
2019:Technical Seminar topics ideas 2019 (Computer Science and Engineering)
2019:Trending Computer Science Seminar topics List 2019 (CSE Topics)
2019:Upcoming Computer Science Seminar topics List 2019
2019: Seminar topics updated list For 2019
2019: Computer Seminar Topics Comupter Science 2019
2018: Seminar Topics Comupter Science 2018
2018: Latest Seminar topics for Computer Science Engineering(CSE 2018)
2015: Computer Science Engineering Latest 2015 (CSE NEW Topics)
2014: Computer Science Seminar Topics (CSE Latest Technical Topics)
2014: Latest CSE/IT Technologies
2013(a), 2013(b), 2012, 2011(a), 2011(b), 2010
Data Mining, Data Analytics, Big data, Predictive Analytics
Google Project Topics
2000+ Topics for Computer Engineering Projects